Certified Annuity Specialist - CAS

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DEFINITION of 'Certified Annuity Specialist - CAS'

A certification indicating expertise and commitment to fixed-rate and variable annuities. Individuals with the CAS designation offer clients expert advice in regards to investment opportunities in annuities.

INVESTOPEDIA EXPLAINS 'Certified Annuity Specialist - CAS'

The CAS designation is issued by the Institute of Business & Finance through a six-module, 60-hour course and requires 15 hours per year of continuing education for the first five years following certification. The course includes an open-book case study as well as a final exam administered by the NASD.

RELATED TERMS
  1. Annuity

    A financial product that pays out a fixed stream of payments ...
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    An insurance contract in which the insurance company makes fixed ...
  3. Annuity Contract

    The written agreement between an insurance company and a customer ...
  4. Variable Annuity

    An insurance contract in which, at the end of the accumulation ...
  5. Annuitant

    1. A person who receives the benefits of an annuity or pension. ...
  6. Beneficiary

    Anybody who gains an advantage and/or profits from something. ...
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